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Conditions are derived for relating household well-being functions to household utility. In particular, an isomorphic relationship between the equivalent incomes stemming from subsistence-based utility functions and well-being functions is established. This allows estimates from standard models...
Persistent link: https://www.econbiz.de/10012948264
In a rapidly changing world, older data is not as informative as the most recent data. This is known as a concept drift problem in statistics and machine learning. How does a firm adapt in such an environment? To address this research question, we propose a generalized revealed preference...
Persistent link: https://www.econbiz.de/10012848939
With the important implications of the prevalence of internet use and the continual rise in the time allocated for it, I investigate the factors that affect its demand and measure the probability of displacement that it causes other leisure activities. I use the Young Adult Fertility Survey 4 as...
Persistent link: https://www.econbiz.de/10012862936
We present an empirical estimation of the distribution of WTP for effective speed reduction via implementation of local traffic calming schemes. Random samples are drawn from the populations of households of three villages intersected by main trunk roads with varying through traffic conditions....
Persistent link: https://www.econbiz.de/10014172858
The security of natural gas supply is an important issue for all EU countries due to the region’s heavy dependence on imported supply sources and in light of energy demand for gas that is continuously increasing. Discussions have emphasised strategies for securing the supply at the macro...
Persistent link: https://www.econbiz.de/10014178342
The number of Norwegian guest nights in Swedish hotels and cottages is studied. Aggregation of an integer-valued AR(1) model and a two-stage demand model underlies the empirical results. The parameters in the model are check-out probability, mean check-in and the probability of selecting the...
Persistent link: https://www.econbiz.de/10014138878
Existing literature analyzing the choice of received long-term care by frail elderly (65 years) predominantly focuses on physical and psychological conditions of elderly people as factors that influence the decision for a particular type of care. Until now, however, the regional in-patient...
Persistent link: https://www.econbiz.de/10014137954
In the United States and elsewhere, traditional sources of television programming (or "pay TV") are facing rising competition from bypass or over-the-top ("OTT") alternatives in the form of streamed or downloaded access to video content. As a result, consumers of video content now fall into...
Persistent link: https://www.econbiz.de/10014144072
This paper deals with differences between European countries in the use of long term elderly care. We analyse whether differences between countries in the use of health care hold, even if we take into account demographic and health differences. In the use of health care we distinguish between...
Persistent link: https://www.econbiz.de/10014049947
I present a game-theoretical model to empirically analyze the consumption interac-tions among household members. Although multiple Nash equilibria of consumption decisions may exist in a household, model parameters are pointwise identified for households with only two members. I propose a...
Persistent link: https://www.econbiz.de/10014050053